In a wonderfully titled report, Creating Shareholder Value with AI? Not so Elementary, My Dear Watson, the Equity Research company, Jefferies, LLC, take a hard look at IBM’s bet on cognitive computing, or Artificial Intelligence (AI).

The consumer IT giants — such as Google, Amazon, Apple, and Microsoft — have all invested heavily in voice technology. Analyst Gartner estimated two years that 30 percent of our interactions with technology will be through ‘conversations’ with smart machines by 2018.

OUR future is clear: We are to be cared for, entertained, and monetized by AI. Existing industries like healthcare and manufacturing will become more efficient; new ones like augmented reality goggles and robot taxis will become possible.

Here’s some advice: Don’t try to break into Andy Rubin’s house. As soon as your car turns into the driveway at his sprawling pad in the Silicon Valley hills, a camera will snap a photo of your vehicle.

Lyft, the San Francisco-based transportation company, has started developing its own autonomous car technology, taking its war with Uber on to new turf and potentially supercharging Silicon Valley’s already overheated self-driving technology sector.